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2015/11/13 04:41:25
Subject: Robotech RPG Tactics - "Restarting" the Kickstarter Discussion
Forar is correct as well. They assign an arbitrarily high number value to a signed print that likely cost them 15 seconds of time to autograph collectively and 30 cents to print out (featuring art that was long ago paid for)... viola! $10 value! That old rifter issue that they were GIVING away at gencon to ANYONE who walked by? (they literally used to have a stack of free rifters every year I went to gencon for 10+ years) Value... full sticker price despite the fact that they might only sell a couple of that issue for years once it's more than 1-2 issues old. Again, I was satisfied completely with what I got for my grab bag (my top "must want" items were indeed included) but I also got a worthless (to me) rifter that I threw away after skimming and a couple of prints that I stuffed in my unused Rifts "ultimate" 98% rehashed edition copy. I do believe that they try to give folks at least some of what they actually want but they also pad the rest of the advertised value with what they themselves DON'T want hanging around as well taking space. It's not deceptive either as the old name used to be grab bag which flat out indicates a random assortment.
As said above, I don't believe the grab bags cost them money otherwise they wouldn't do it year after year (and this year MULTIPLE times... each time offering robotech "exclusives", lol).
This message was edited 1 time. Last update was at 2015/11/13 04:42:12
2015/11/13 14:16:49
Subject: Robotech RPG Tactics - "Restarting" the Kickstarter Discussion
The xmas grab bags is just a way for them to liquidate warehouse inventory to reduce the amount of taxes they have to pay on it. My company does the same thing with items in our warehouse. Better to sell it at a reduced cost...or even a loss to clear it out of the warehouse than pay taxes on something that sits there. Also, if you do sell it as a loss...I think you can report it as a loss on your taxes.
Well, converting assets to liquid assets is a priority if you have somewhere else you need the money (paying for dies, wages, keeping lights on).
I have seen many times companies I have worked for upset because they need to take out a loan to take care of on-going business while they have assets sitting in stock.
It is like buying too much stuff on-sale or investing too much and then having to lean on a credit card to get you through the rest of the month: better to have the cash on-hand than pay the interest.
Unfortunately I had filed against them with the BBB so a "grab bag" for me could result in a signed lump of coal or excrement rolled in glitter.
A revolution is an idea which has found its bayonets.
Napoleon Bonaparte
2015/11/13 15:54:43
Subject: Robotech RPG Tactics - "Restarting" the Kickstarter Discussion
CaptKaruthors wrote: The xmas grab bags is just a way for them to liquidate warehouse inventory to reduce the amount of taxes they have to pay on it. My company does the same thing with items in our warehouse. Better to sell it at a reduced cost...or even a loss to clear it out of the warehouse than pay taxes on something that sits there. Also, if you do sell it as a loss...I think you can report it as a loss on your taxes.
except they already paid taxs on these items earlier this year, this is stock they received last year they still have. so won't get double taxed on it.
also for PB to sell at a loss, they have to sell it for less then they paid for it.
This message was edited 1 time. Last update was at 2015/11/13 16:06:35
Thinks Palladium books screwed the pooch on the Robotech project.
2015/11/13 16:07:55
Subject: Robotech RPG Tactics - "Restarting" the Kickstarter Discussion
Just an FYI.. there is a youtube tab when you post on dakka. You can embed the videos directly into the post just like images. Thanks for the link in any case.
2015/11/13 16:43:16
Subject: Robotech RPG Tactics - "Restarting" the Kickstarter Discussion
Unfortunately I had filed against them with the BBB so a "grab bag" for me could result in a signed lump of coal or excrement rolled in glitter.
Especially made just for you! It's priceless!
We both know nothing is ever exclusive to backers so stop spreading lies! Palladium is perfectly willing to crap all over regular customers as well and don't you forget it. And it wouldn't be priceless but worth EXACTLY between $86-95.
This message was edited 1 time. Last update was at 2015/11/13 18:37:26
2015/11/13 19:23:32
Subject: Robotech RPG Tactics - "Restarting" the Kickstarter Discussion
CaptKaruthors wrote: The xmas grab bags is just a way for them to liquidate warehouse inventory to reduce the amount of taxes they have to pay on it. My company does the same thing with items in our warehouse. Better to sell it at a reduced cost...or even a loss to clear it out of the warehouse than pay taxes on something that sits there. Also, if you do sell it as a loss...I think you can report it as a loss on your taxes.
except they already paid taxs on these items earlier this year, this is stock they received last year they still have. so won't get double taxed on it.
also for PB to sell at a loss, they have to sell it for less then they paid for it.
It doesn't matter what year the item was made. You pay taxes on your stocked inventory every year. This is why a lot of stores, etc. have blow out sales at the end of the year...so when it comes to tax time they only pay taxes on the inventory they have left.
Automatically Appended Next Post: The battle report is awesome. Some minor mistakes with the rules were made, but nothing too crazy. Just note that the main gun of the Glaug can't be dodged or rolled. You just take the 6pts of damage and like it.
This message was edited 1 time. Last update was at 2015/11/13 19:54:59
CaptKaruthors wrote: The battle report is awesome. Some minor mistakes with the rules were made, but nothing too crazy. Just note that the main gun of the Glaug can't be dodged or rolled. You just take the 6pts of damage and like it.
Probably better to comment on the Youtube video itself, I certainly didn't have anything to do with it, and while I haven't watched it, I'm going to guess Mike just wanted to share it in general.
2015/11/13 20:25:34
Subject: Robotech RPG Tactics - "Restarting" the Kickstarter Discussion
CaptKaruthors wrote: The xmas grab bags is just a way for them to liquidate warehouse inventory to reduce the amount of taxes they have to pay on it. My company does the same thing with items in our warehouse. Better to sell it at a reduced cost...or even a loss to clear it out of the warehouse than pay taxes on something that sits there. Also, if you do sell it as a loss...I think you can report it as a loss on your taxes.
except they already paid taxs on these items earlier this year, this is stock they received last year they still have. so won't get double taxed on it.
also for PB to sell at a loss, they have to sell it for less then they paid for it.
It doesn't matter what year the item was made. You pay taxes on your stocked inventory every year. This is why a lot of stores, etc. have blow out sales at the end of the year...so when it comes to tax time they only pay taxes on the inventory they have left.
you might want to go back and read that link you posted, especially the part about
also reason why most stores have sales around this time of year is to make room for new inventory, furthermore by selling product for less then your retail value you can claim the loss on your taxs for your previous years inventory tax.
better yet go talk to a tax attorney and they can show you the error of your ways.
Thinks Palladium books screwed the pooch on the Robotech project.
2015/11/13 21:29:41
Subject: Robotech RPG Tactics - "Restarting" the Kickstarter Discussion
That was a great video, thanks for posting Mike.
It's a shame we didn't have videos of this quality on release, it would have a lot more inspiration than what Palladium did for promotion.
Is this a one off? Or will these guys be doing more?
This message was edited 1 time. Last update was at 2015/11/13 21:30:04
There’s a difference between having a hobby and being a narcissist.
2015/11/13 21:30:01
Subject: Robotech RPG Tactics - "Restarting" the Kickstarter Discussion
I don't need to, because I know the answer. Most businesses reduce their inventory by years end for tax purposes (they will pay less taxes on it.) Local tax laws also vary as well at the state level. My company does it all the time at the end of the year. I also did it when I worked at a hobby store 12 years ago. End of the year sales is all about reducing inventory so your overhead is lower for your end of the year tax bill. Most inventory reorders if you are turning your inventory on blowout sales are usually not reordered until late January/February. That's why you see empty shelves through most of January/February in retail stores. It's readily apparent in toy stores, and other smaller retail chains. You don't see it as much in big box stores. Palladium does this to reduce their inventory and move dead stock. It isn't for the charity of the fans.
Automatically Appended Next Post:
Joyboozer wrote: That was a great video, thanks for posting Mike.
It's a shame we didn't have videos of this quality on release, it would have a lot more inspiration than what Palladium did for promotion.
Is this a one off? Or will these guys be doing more?
Agreed. The video is one of the better Robotech Battle reports I've seen. They got some of the rules wrong, but nothing that ruined the game or the report. It's also good to see fully painted forces for both sides. Something that's rare to see in the Robotech battle reports I've seen. It will be cool to see more of these if these guys are up for it. Once I get my stuff fully painted, I'd like to do some battle reports...but probably won't be video ones. I'm too lazy to edit a video. I already post pictures of my games on my FB page when I play.
This message was edited 2 times. Last update was at 2015/11/13 21:35:28
Whether it's for tax breaks or just to turn stock into capital or whatever, PB's ~1/3 of the year 'Christmas' grab bag season is well known.
Though given their silence this year on Robotech wave two, "feth me we need money and fast" seems more pertinent than "oh noes perhaps our tax rate will go up a smidge" (hyperbole for comedic effect, before anyone's knickers get in a twist).
2015/11/13 21:56:13
Subject: Robotech RPG Tactics - "Restarting" the Kickstarter Discussion
CaptKaruthors wrote: I don't need to, because I know the answer. Most businesses reduce their inventory by years end for tax purposes (they will pay less taxes on it.) Local tax laws also vary as well at the state level. My company does it all the time at the end of the year. I also did it when I worked at a hobby store 12 years ago. End of the year sales is all about reducing inventory so your overhead is lower for your end of the year tax bill. Most inventory reorders if you are turning your inventory on blowout sales are usually not reordered until late January/February. That's why you see empty shelves through most of January/February in retail stores. It's readily apparent in toy stores, and other smaller retail chains. You don't see it as much in big box stores. Palladium does this to reduce their inventory and move dead stock. It isn't for the charity of the fans.
never said it was for the charity of the fans, PB is doing it to clear out product not moving, as to new product, which is usually showing up in the stores around Black Friday its when the new PS's and X-Boxs, and computers and so on show up in stores, tell me you have never seen new product showing up in stores end of year? why? because they are going for the christmas rush, as to taxs, businesses only pay taxs on their products they made a profit on, thats simple business 101, even that article you linked to says that, as to remaining inventory the only effect it has on new taxs is for claiming losses, or no profits.
Thinks Palladium books screwed the pooch on the Robotech project.
2015/11/13 22:45:08
Subject: Robotech RPG Tactics - "Restarting" the Kickstarter Discussion
as to new product, which is usually showing up in the stores around Black Friday its when the new PS's and X-Boxs, and computers and so on show up in stores, tell me you have never seen new product showing up in stores end of year?
I'm talking about after the holidays. The time when they are clearancing everything out. Your holiday inventory is usually ordered in the early summer and if you have the capacity to store it in your store...you can get it as early as August into your store. It all depends what your retail store sells, etc. The hobby store I worked at would get their xmas inventory shipped to us in mid august. Reorders rarely happened because we didn't want to be sitting with extra stock post Dec 26th if we could help it.
businesses only pay taxs on their products they made a profit on, thats simple business 101, even that article you linked to says that, as to remaining inventory the only effect it has on new taxs is for claiming losses, or no profits.
Your warehoused inventory is still overhead and assets. You still pay the taxes on the value of your assets. Which is why PB has a tax bill they pay every year for the stacks of spare/old rifters/ other items that is fundamentally "dead inventory" they warehouse, etc. The wrinkle in that is: end of the year can mean actual end of the year..or the end of the fiscal year for your business which may be different. Reducing inventory means paying less taxes on your assets..because the value is lowered. Thus xmas grab bags for everybody. It's a great way to liquidate inventory but look like you are being charitable by giving deep discounts.
This message was edited 2 times. Last update was at 2015/11/13 22:51:32
as to new product, which is usually showing up in the stores around Black Friday its when the new PS's and X-Boxs, and computers and so on show up in stores, tell me you have never seen new product showing up in stores end of year?
I'm talking about after the holidays. The time when they are clearancing everything out. Your holiday inventory is usually ordered in the early summer and if you have the capacity to store it in your store...you can get it as early as August into your store. It all depends what your retail store sells, etc. The hobby store I worked at would get their xmas inventory shipped to us in mid august. Reorders rarely happened because we didn't want to be sitting with extra stock post Dec 26th if we could help it.
businesses only pay taxs on their products they made a profit on, thats simple business 101, even that article you linked to says that, as to remaining inventory the only effect it has on new taxs is for claiming losses, or no profits.
Your warehoused inventory is still overhead and assets. You still pay the taxes on the value of your assets. Which is why PB has a tax bill they pay every year for the stacks of spare rifters, other items that is fundamentally "dead inventory" they warehouse, etc. The wrinkle in that is: end of the year can mean actual end of the year..or the end of the fiscal year for your business which may be different. Reducing inventory means paying less taxes on your assets..because the value is lowered.
problem is they do not pay taxs on product in inventory, they only pay taxes based on projected profit analysis for the next year, and product not sold, is not taxed again but can be written off as non-taxable for the next year and any product estimated to sold that did not sale they would get reimbursed on the new taxs.
also you do realize stores are not "sitting" on PS4's and such, they may order them but they usually do not arrive to their warehouse till shortly before the release date of said product, you, your talking about seasonal product, and normal turn around product i'm talking new this year product.
Thinks Palladium books screwed the pooch on the Robotech project.
2015/11/13 23:42:39
Subject: Robotech RPG Tactics - "Restarting" the Kickstarter Discussion
Oddly, PB's holiday grab bag seems more of a sure thing than any of their pre-orders.
Probably why they still have some satisfied customers: anything from the back catalogue they are more than happy to get out to you.
They must do some serious soul searching when they run out... list it as OOP or do another print run OR photo copy an "edit review" copy and sign it... genius!
This message was edited 1 time. Last update was at 2015/11/13 23:46:10
A revolution is an idea which has found its bayonets.
Napoleon Bonaparte
2015/11/13 23:50:12
Subject: Robotech RPG Tactics - "Restarting" the Kickstarter Discussion
They must do some serious soul searching when they run out... list it as OOP or do another print run OR photo copy an "edit review" copy and sign it... genius!
Or just take people's money and do NOTHING to fill that order for years... just sayin'... if it ain't (made them) broke (by lawsuits) then don't fix it.
2015/11/14 02:07:16
Subject: Robotech RPG Tactics - "Restarting" the Kickstarter Discussion
For those that don't know if your not happy with PB and your not from the USA you can still file a report with the FTC. I'm getting fed up with Kevin and his dishonest fashion of running the KS. I'm torn between wanting to file with the BBB and MIAG and waiting to see if they will deliver. How long is a reasonable wait till backers say feth it and go legal on PB?
2015/11/14 02:14:36
Subject: Robotech RPG Tactics - "Restarting" the Kickstarter Discussion
Cypher-xv wrote: For those that don't know if your not happy with PB and your not from the USA you can still file a report with the FTC. I'm getting fed up with Kevin and his dishonest fashion of running the KS. I'm torn between wanting to file with the BBB and MIAG and waiting to see if they will deliver. How long is a reasonable wait till backers say feth it and go legal on PB?
several people have already passed that point and filed with the MIAG and FTC.
Thinks Palladium books screwed the pooch on the Robotech project.
2015/11/14 02:23:25
Subject: Robotech RPG Tactics - "Restarting" the Kickstarter Discussion
Cypher-xv wrote: For those that don't know if your not happy with PB and your not from the USA you can still file a report with the FTC. I'm getting fed up with Kevin and his dishonest fashion of running the KS. I'm torn between wanting to file with the BBB and MIAG and waiting to see if they will deliver. How long is a reasonable wait till backers say feth it and go legal on PB?
Filing a complaint with any entity would not affect PBs obligation to deliver in anyway, its not an either/or situation.
The only thing that could would be a bankruptcy, an actual settlement from a suit with them, or a regulatory body clapping them in chains for fraud (which may not affect your individual right of recovery, just make it a bit less likely)
2015/11/14 02:30:45
Subject: Robotech RPG Tactics - "Restarting" the Kickstarter Discussion
Cypher-xv wrote: For those that don't know if your not happy with PB and your not from the USA you can still file a report with the FTC. I'm getting fed up with Kevin and his dishonest fashion of running the KS. I'm torn between wanting to file with the BBB and MIAG and waiting to see if they will deliver. How long is a reasonable wait till backers say feth it and go legal on PB?
Filing a complaint with any entity would not affect PBs obligation to deliver in anyway, its not an either/or situation.
The only thing that could would be a bankruptcy, an actual settlement from a suit with them, or a regulatory body clapping them in chains for fraud (which may not affect your individual right of recovery, just make it a bit less likely)
I'd disagree the backers in Washington got a refund on another KS when their AG went after the creator, but then the FTC while it did levy fines on another KS to reimburse the backers, the creator was penniless, but that is not the case with PB which consists of property and such which could be auctioned off to settle with the backers.
the only certainity is doing nothing, if you do nothing, you will not get a refund or anything.
This message was edited 1 time. Last update was at 2015/11/14 02:31:28
Thinks Palladium books screwed the pooch on the Robotech project.
2015/11/14 04:33:19
Subject: Re:Robotech RPG Tactics - "Restarting" the Kickstarter Discussion
UPDATE: Robotech® RPG Tactics™
We have been kicking around all kinds of ideas for the relaunch of Robotech® RPG Tactics™ next year when Wave Two comes out (and, of course, that includes all the specialty items like the SDF-1 and objective markers). In fact, we’ve just made a couple of new contacts that could be very promising for the future of Robotech®.
Kicking around ideas! Making new contacts! Exciting times in the world of RRPGT!!!
2015/11/14 05:25:12
Subject: Re:Robotech RPG Tactics - "Restarting" the Kickstarter Discussion
UPDATE: Robotech® RPG Tactics™
We have been kicking around all kinds of ideas for the relaunch of Robotech® RPG Tactics™ next year when Wave Two comes out (and, of course, that includes all the specialty items like the SDF-1 and objective markers). In fact, we’ve just made a couple of new contacts that could be very promising for the future of Robotech®.
Kicking around ideas! Making new contacts! Exciting times in the world of RRPGT!!!
Is it just me or does that update read as "we just remembered the resin items and had to start calling around about those two, so far we haven't actually made the calls, but will update as soon as we've spoken to someone"
There’s a difference between having a hobby and being a narcissist.
2015/11/14 10:24:05
Subject: Re:Robotech RPG Tactics - "Restarting" the Kickstarter Discussion
UPDATE: Robotech® RPG Tactics™
We have been kicking around all kinds of ideas for the relaunch of Robotech® RPG Tactics™ next year when Wave Two comes out (and, of course, that includes all the specialty items like the SDF-1 and objective markers). In fact, we’ve just made a couple of new contacts that could be very promising for the future of Robotech®.
Kicking around ideas! Making new contacts! Exciting times in the world of RRPGT!!!
Is it just me or does that update read as "we just remembered the resin items and had to start calling around about those two, so far we haven't actually made the calls, but will update as soon as we've spoken to someone"
Hey, at least they finally acknowledged it. I think it's the first time since late 2013 that they actually mentioned it. So, that's "progress" at least.
As for the "bulk" of the remainder, I thought they were focusing on the the Rifts® Chaos Earth® Resurrection™ * and Rifter Double Issue? Oh, they're not completed yet either? So again, they're gonna continue to half-ass three (or more) projects and stretch it out, instead of just completing one and getting it done. It's painfully clear they can't multi-task.
* Seriously, enough with the protection symbols, guys, the rights para at the bottom of each post is sufficient. Can you imagine Kevin talking about this over the phone to a potential customer?
"Hey, I'd like to pre-order a half dozen of the new Rifts book coming out."
"Do you mean the Rifts registered trademark Chaos Earth registered trademark Ressurection trademark?"
"Yeah, that. And three boxes of Robotech Tactics."
"So, three boxes of Robotech registered trademark RPG Tactics trademark? We also have available the Robotech registered trademark colon Expeditionary Force Marines trademark Sourcebook. Would you like any of those? Hello? Are you still there? Guess the awesome caused the phoneline to drop out."
2015/11/14 14:33:30
Subject: Robotech RPG Tactics - "Restarting" the Kickstarter Discussion
